And butter, focusing on what the Central Banks are saying. The fed minutes bringing some of the air out of the recent rally we have seen in the u. S. , higherforlonger has been the narrative from Central Banks there as well. New zealand yesterday. The bank of korea today. Take a look at some of the data processing, gdp numbers from singapore. The 2025 growth estimates being maintained between 1 and 3 permit First Quarter gdp rising hotter than expectations. The final firstquarter gdp on a quarter or quarter basis seeing a rise of 0. 1 . The estimate was for a small degree of contraction, 0. 3 . So a bit betterthanexpected numbers. As we get the cash trading session underway. Thats right, markets are just coming online this morning for japan, korea and australia. Lets look at how japan and korea are getting underway. Its a mix of what were seeing in the numbers. Broadly, we have some upside coming through. Its a few different themes we are tracking. You have a bit of Dollar Strength, th
Good morning. Welcome to Worldwide Exchange on cnbc. Im sara eisen. Im wilfred frost. Good morning to you from me as well. Lets check in on the markets after another record close for the s p and nasdaq. Got a half percent gain for stocks yesterday. Breaking out of that dreade dreaded 0. 2 move. Lets show you where we are this morning. Dow futures down a point. S p futures down 1. 5. Nasdaq futures remain strong as the nasdaq continues its outperformance. Its coming off of four straight weeks in gains. The s p and dow broke their winning streak last week. The dollar is the mover last night. This is where we saw reaction to the report from the Washington Post and the New York Times that the president shared some highly sensitive Intelligence Data with the russians. You saw the dollar weaken sharply. The biggest move was against the euro. It soared to 110. 41. The dollar wiped out all of its post election gains. The dollar shot up on this idea of all of his pro growth policies and confide
Companies can offer some security. We have the world covered here on daybreak asia. Mountain view,m california later in the show at the google io conference. Betty and we have the latest Market Reaction on the market movements in washington. This is daybreak asia live from u. S. And asian headquarters. I am betty lou here in new york where it is just after 7 00 p. M. Yvonne it is just after 7 00 a. M. Here in hong kong, i am yvonne man. Hour seems wery are getting another headline. In the last 60 minutes we learned at the doj is bowing to political pressure and appointing a special prosecutor for the Russian Investigation. Betty someone very wellrespected, Robert Mueller, the former fbi director. This might perhaps bring a sense of calm or push the positive button in terms of all this , did donald trump try to influence the fbi, politicize it . This may go some way toward calming those fears. We saw that in the market, the dow down 370 points. Some may ask, what took so long . We have
Who try to figure out what the new trump era regulations mean. In particular this new travel rule. If you look at the big tech , who ceos have been outspoken against that travel ban, many of those shares are trading lower. Technology is a big weight on the overall averages. Looking at the contractors who do business in iraq. In response to the u. S. Saying there will be a 120 day delay in allowed to come into the United States, iraq has made a similar proclamation. We also see oil decline in prices. Energy is the worst performer in the s p 500. It expects the eventual collapse of the opec cannot opec production deal. Even if it could get as high a 65. Immigration is reverberating around the world. Industry groups. All nine are trading lower today. All 19 are trading lower today. And five. Week just a highlight of a move we have seen. German boones reflecting the move. Yields falling in germany. Healed swear rising earlier. This is a spread between the german 10 year and the italian 10
What,d right, just gone i am Rishaad Salamat in hong kong. Haidi i am haidi lun in sydney. We are setting up for a muted start to the trading week. Japanese trade members worse exports at least disappointing, dragging down the nikkei. We look ahead to the china open, contract showing a negative open as well. Rishaad indeed, the lack of momentum after a lot of momentum, perhaps this so called reflation trade losing steam. , a fairly muted session on wall street on friday. That wait and see approach on investor minds. 30 minutes away from the start of the session in hong kong. Singapore, taipei, kl coming online. Here is sophie. Sophie we are anticipating a subdued trading day in asia. The bright spot taiwan, new zealand, and singapore. Straight times marginally higher ahead of that budget update today. By. 3 ,ei 225 lower falling for a Third Straight day following trade numbers this morning. The kospi lower despite the rise in samsung shares. Focusing on australia, the asx 200 falling.